Japanese investors continued seeing Thailand as the top investment destination in the region, according to Industry Minister Chaiwuti Bannawat.

Industry Minister Chaiwuti Bannawat said the ongoing political rallies are unlikely to undermine foreign investor confidence in the overall economy, but it could impact new investors, who do not yet understand the situation in Thailand.

The minister said the Japanese investors continued considering Thailand as the top destination to which they want to shift their investment base.

He predicted that the number of Japanese investors will be on the rise, mainly SMEs investing in major industries and those in non-autmotive sector industries.

Mr Chaiwuti said new investment projects set to take place in Thailand are mainly environmentally friendly schemes such as clean energy production and bio-technology.

Thailand has been recognised as the investment hub in the region, so he is confident that the value of projects seeking investment promotions this year would be higher than Bt400 billion, the minister said. (MCOT online news)

See the rest here:
Japanese investors still eye Thailand as top investment destination

Implementation of Reforms in Thailand

Recent crashes in Thailand’s GDP and export markets, plus the drop in tourism fuelled by recession and last year’s domestic political turmoil, have dispelled illusions that the country is insulated from the effects of the global downturn. Numerous indicators of economic health are hitting the red, foreign investment is evaporating, unemployment is surging, and credit lines are freezing up. Thailand’s government still says there is a possibility of positive growth this year, despite facing a rougher ride than in the 1997 Asian financial crisis as conditions infest the real economy on a broader scale.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

How Thailand Benefits from China’s Post-Pandemic Boom

Besides tourism, Thailand also benefits from China’s post-pandemic boom in terms of trade and investment. China is Thailand’s largest trading partner and a major source of foreign direct investment (FDI).

Thailand emerges as major link in EV supply chain

With its well-established automotive industry and strong government support, Thailand aims to become the EV hub of ASEAN and a major player in the global EV supply chain

Chinese outbound M&A has fallen by 90% since 2016

The decline has been driven by the reinstatement of capital controls, which has made it hard for Chinese companies to obtain loans for overseas M&A, and greater scrutiny of foreign attempts to buy Western companies in sensitive sectors